Signs That You Have What it Takes To Be An Entrepreneur!
Thinking and believing that you can be an entrepreneur is the first step in preparing to be one. But entrepreneurship is always more than only thinking and believing. It takes lot much skills and a precisely defined mindset.
Signs that you have what it takes to be an entrepreneur
Thinking and believing that you can be an entrepreneur is the first step in preparing to be one. But entrepreneurship is always more than only thinking and believing. It takes a lot of skills and a precisely defined mindset.
Start-ups are always hard but if you dream to pursue the dream life, it really stands a chance to be successful and fulfill the dreams you have willing to fulfil. The bitter truth is that most of the entrepreneurs fail to get their business off the ground. Every insanely successful startup has a second side to it. Below are some qualities one must have to get their business offshore.
- The ability of execution of your ideas.
"Y Combinator doesn't invest in ideas, it invests in people" -- Paul Graham
Execution is everything in any of the start-ups. One may have the best idea as well as funds but if one can’t execute, you literally have no business. Having the only idea is not enough for any start-up to succeed. One can have a brilliant idea but if it is executed poorly, you will be out of business very soon and end up losing money.
Remember that you need not have a genuine idea to be successful. For example, Amazon is a successful e-commerce marketplace, but it wasn’t the first site to do so.
The same applies to Google as well.
Means, the main thing is the “Execution”. Do it correctly to pave your business with a better platform.
- You genuinely care about what you do or want to do.
If you don’t care enough about a service or a product you provide, don’t even start. Start-ups are not sprints, they are marathons. If you think of building an empire out of your start-up, money must be your second priority.
Every entrepreneur must have intense, driving or overmastering feeling of conviction about his or her idea to push it past the idea phase. Perseverance is the key to running a start-up. Stresses and setbacks can pull you down. And most startups fail. One must love what he is doing, in order to make it past the obstacles and make it succeed.
An ethical way of approach matters a lot in the case of a start-up.
- Being able to get over the failures and setbacks in life and business
Getting over failures and not ranting about the past and people is the must for having healthy entrepreneurship. Failure is not a sign of permanent trouble, but a side-step towards success. One must have the strength to move beyond temporary challenges. One must be able to handle the employees and partner troubles properly.
- Being a passionate life long learner
“Work harder on yourself than you do on your job.” – Jim Rohn
Entrepreneurs know, spending time in personality development and learning new things help a lot. Hence one must not stop learning new things. The process of exploring, understanding and event mastering different topics prepares entrepreneurs for emerging opportunities and helps them in making informed decisions about their business.
Warren Buffett spends 80 to 90 percent of his day reading hundreds of pages to amass knowledge to be better at what he does. His industry thrives on information. Richard Branson never attended university but he has started and run some of the most unorthodox and successful companies in the world. Never stop learning. And keep asking critical questions. it's the only way to stay relevant to your customers now and in the next decade. Entrepreneurs are passionate life-long learners.
- Handling risk
One thing that makes the entrepreneurs achieve a lot is, the ability of taking calculated risk. Entrepreneurs often leave their dream jobs to pursue their dream careers. When the same gets to you can you do that? Most people can’t do it. The uncertainties can be overwhelming.
Entrepreneurs work really hard to limit their risks. But they still take calculated risks every day to be successful. If you are better at minimizing your risks but can still make crucial life and business changing decisions, you will do well as an entrepreneur.
Always remember that “the risk-takers are the winners.”
If you have more than one of these qualities, trust me, you can be an Entrepreneur!